Japan Steel Works (OTCMKTS:JPSWY) Sees Large Volume Increase - Here's Why

Key Points

• Japan Steel Works (OTCMKTS:JPSWY) experienced a significant trading volume increase of 720%, with approximately 2,025 shares traded on a recent Monday.
• Research reports have led to a downgrade from Zacks Research to a "hold" rating, while Goldman Sachs has initiated coverage with a "buy" rating, resulting in a consensus rating of "Moderate Buy".
• The company reported $0.20 earnings per share for the last quarter, with revenue of $467.54 million and an anticipated earnings per share of 0.81 for the current year.

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 2,025 shares traded hands during trading, an increase of 720% from the previous session's volume of 247 shares.The stock last traded at $34.50 and had previously closed at $34.53.

Wall Street Analysts Forecast Growth

JPSWY has been the subject of several research reports. Zacks Research downgraded Japan Steel Works from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. The Goldman Sachs Group initiated coverage on Japan Steel Works in a research report on Thursday, September 25th. They set a "buy" rating for the company. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

Japan Steel Works Price Performance

The company has a fifty day simple moving average of $31.79 and a two-hundred day simple moving average of $27.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.15 and a current ratio of 2.07. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 40.44 and a beta of 0.65.

Japan Steel Works (OTCMKTS:JPSWY - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.20 earnings per share (EPS) for the quarter. Japan Steel Works had a net margin of 6.95% and a return on equity of 9.76%. The company had revenue of $467.54 million during the quarter. As a group, research analysts anticipate that The Japan Steel Works, Ltd. will post 0.81 earnings per share for the current year.

Japan Steel Works Company Profile

The Japan Steel Works, Ltd. engages in the provision of industrial machinery products, and material and engineering business in Japan and internationally. It operates through Industrial Machinery Products Business, and Material and Engineering Business segments. The Industrial Machinery Products Business segment offers plastic production and processing machinery, such as pelletizers, film and sheet manufacturing equipment, and twin-screw extruders; molding machines including plastic injection molding, magnesium injection molding, and blow molding machines; and other machinery consists of excimer laser annealing systems, defense equipment, railway products, hot press devices, vacuum laminators, and deposit systems, as well as after-sales services for plastics, mobility, high-performance batteries, electronic devices, and defense applications.

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